www.upstreamonline.com http://www.upstreamonline.com/ www.upstreamonline.com US start-up IRM gets $500m boost http://www.upstreamonline.com/incoming/1395986/us-start-up-irm-gets-usd-500m-boost Newly-formed energy company Independence Resources Management (IRM) is getting a private equity cash injection as it sets its sights on acquisitions in the US onshore market. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1395986/us-start-up-irm-gets-usd-500m-boost Tue, 31 Mar 2015 15:29:08 +0000 ece_incoming Petrobras in $101m Argentina asset sale http://www.upstreamonline.com/live/1395975/petrobras-in-usd-101m-argentina-asset-sale Petrobras has agreed to sell a whole host of onshore concessions in Argentina in a deal worth $101 million. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395975/petrobras-in-usd-101m-argentina-asset-sale Tue, 31 Mar 2015 14:39:42 +0000 live BG in Knarr re-start http://www.upstreamonline.com/live/1395972/bg-in-knarr-re-start BG Group has resumed output from its Knarr oilfield off Norway after a shut-in caused by a small fire on the project's floating production, storage and offloading vessel. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395972/bg-in-knarr-re-start Tue, 31 Mar 2015 13:35:27 +0000 live Johnson replaces Kirkland at Chevron http://www.upstreamonline.com/live/1395970/johnson-replaces-kirkland-at-chevron Jay Johnson is to succeed George Kirkland as executive vice president for upstream at US giant Chevron. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395970/johnson-replaces-kirkland-at-chevron Tue, 31 Mar 2015 13:12:06 +0000 live Apache in Desert drive http://www.upstreamonline.com/live/1395962/apache-in-desert-drive US independent Apache is ramping up production from two recently made oil discoveries in Egypt’s Western Desert after recording strong development and appraisal drilling results. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1395962/apache-in-desert-drive Tue, 31 Mar 2015 12:32:45 +0000 live Rex nets JV cash for Butler http://www.upstreamonline.com/incoming/1395961/rex-nets-jv-cash-for-butler US junior Rex Energy formed a joint venture with a private equity firm to help push through its Butler development in the Appalachian basin in the state of Pennsylvania. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1395961/rex-nets-jv-cash-for-butler Tue, 31 Mar 2015 12:13:08 +0000 ece_incoming Total in Uganda 'tax row' http://www.upstreamonline.com/live/1395952/total-in-uganda-tax-row Total is reportedly pursuing international arbitration in a tax dispute with the Ugandan authorities over its acquisition of a block in the East African country. Steve.Marshall@upstreamonline.com (Steve Marshall), (News Wires) http://www.upstreamonline.com/live/1395952/total-in-uganda-tax-row Tue, 31 Mar 2015 10:29:26 +0000 live Petronas in Toho Gas deal http://www.upstreamonline.com/incoming/1395932/petronas-in-toho-gas-deal Petronas has signed an agreement with Japan's Toho Gas to sell liquefied natural gas under a 10-year contract. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1395932/petronas-in-toho-gas-deal Tue, 31 Mar 2015 09:21:01 +0000 ece_incoming Aphrodite blueprint on table http://www.upstreamonline.com/live/1395928/aphrodite-blueprint-on-table Noble Energy intends to declare commerciality for its Aphrodite gas discovery off Cyprus and submit a draft development plan to the authorities in the second half of this year, according to Israeli partner Delek Group. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1395928/aphrodite-blueprint-on-table Tue, 31 Mar 2015 08:59:08 +0000 live Eni wins Myanmar offshore blocks http://www.upstreamonline.com/live/1395926/eni-wins-myanmar-offshore-blocks Italian major Eni and India's Reliance Industries have each won two offshore blocks in Myanmar, where the former will be joined by Petrovietnam. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395926/eni-wins-myanmar-offshore-blocks Tue, 31 Mar 2015 08:28:28 +0000 live DNO halts Yemen output http://www.upstreamonline.com/incoming/1395921/dno-halts-yemen-output DNO has suspended production in Yemen due to the continuing deterioration of security conditions in the country, the Oslo-listed operator said on Tuesday. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1395921/dno-halts-yemen-output Tue, 31 Mar 2015 08:07:01 +0000 ece_incoming Buhari closes on Nigeria victory http://www.upstreamonline.com/live/1395919/buhari-closes-on-nigeria-victory Muhammadu Buhari is closing in on victory over Nigerian President Goodluck Jonathan in the electoral race to lead Africa’s largest oil producer. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395919/buhari-closes-on-nigeria-victory Tue, 31 Mar 2015 08:00:07 +0000 live Mnazi Bay gas deliveries delayed http://www.upstreamonline.com/live/1395918/mnazi-bay-gas-deliveries-delayed Partners in the Mnazi Bay gas field project off Tanzania have been hit with a delay of a few months to first gas as commissioning of an associated pipeline is running late. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395918/mnazi-bay-gas-deliveries-delayed Tue, 31 Mar 2015 07:43:53 +0000 live Tyra online for Maersk http://www.upstreamonline.com/live/1395915/tyra-online-for-maersk Maersk Oil has launched production from its unmanned Tyra Southeast-B platform in the Danish North Sea. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1395915/tyra-online-for-maersk Tue, 31 Mar 2015 07:06:53 +0000 live Wood Group lands Total gig http://www.upstreamonline.com/live/1395913/wood-group-lands-total-gig France's Total has handed service provider Wood Group a multi-million dollar contract covering several of its facilities on the UK continental shelf. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1395913/wood-group-lands-total-gig Tue, 31 Mar 2015 07:06:46 +0000 live Azonto re-tenders Gazelle project http://www.upstreamonline.com/live/1395912/azonto-re-tenders-gazelle-project Azonto Petroleum has put the construction package for the Gazelle gas field project off Ivory Coast out to tender once again amid a slump in global energy prices. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395912/azonto-re-tenders-gazelle-project Tue, 31 Mar 2015 07:03:18 +0000 live Northern stalls rig deliveries http://www.upstreamonline.com/live/1395910/northern-stalls-rig-deliveries Northern Offshore has been forced to delay delivery of a pair of newbuild jack-ups from a Chinese yard due to the drilling market slump. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1395910/northern-stalls-rig-deliveries Tue, 31 Mar 2015 06:53:09 +0000 live Terms changed on Athena FPSO contract http://www.upstreamonline.com/live/1395909/terms-changed-on-athena-fpso-contract Ithaca Energy has renegotiated the terms of its contract with BW Offshore for the floating production, storage and offloading vessel being used on the Athena field off the UK. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1395909/terms-changed-on-athena-fpso-contract Tue, 31 Mar 2015 06:23:15 +0000 live Wison Engineering returns to black http://www.upstreamonline.com/live/1395907/wison-engineering-returns-to-black China's Wison Engineering Services bounced back to profit in 2014 as revenues climbed 90.3% year-on-year. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1395907/wison-engineering-returns-to-black Tue, 31 Mar 2015 04:44:18 +0000 live Oil continues to fall http://www.upstreamonline.com/live/1395906/oil-continues-to-fall Oil futures extended losses on Tuesday, as Iran and six world powers ramped up the pace of negotiations to reach a preliminary deal that could ease sanctions and allow more Iranian crude onto world markets. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1395906/oil-continues-to-fall Tue, 31 Mar 2015 03:39:07 +0000 live Sinopacific delivering first Yamal modules http://www.upstreamonline.com/live/1395905/sinopacific-delivering-first-yamal-modules Chinese yard Sinopacific Offshore & Engineering is delivering its first module built for the Yamal liquefied natural gas project in the Russian Arctic, the first delivery among six Chinese yards committed to building similar modules. (Xu Yihe) http://www.upstreamonline.com/live/1395905/sinopacific-delivering-first-yamal-modules Tue, 31 Mar 2015 03:19:11 +0000 live Business as usual for Cue http://www.upstreamonline.com/live/1395903/business-as-usual-for-cue Cue Energy Resources is getting on with business despite New Zealand Oil & Gas (NZOG) acquiring a 48.11% shareholding, and is focused on executing its busy work programme in its three focus countries. (Russell Searancke) http://www.upstreamonline.com/live/1395903/business-as-usual-for-cue Tue, 31 Mar 2015 01:13:47 +0000 live Vaalco comes up dry off Angola http://www.upstreamonline.com/live/1395902/vaalco-comes-up-dry-off-angola US independent Vaalco Energy has come up dry with its first post-salt exploration well off the coast of Angola. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1395902/vaalco-comes-up-dry-off-angola Tue, 31 Mar 2015 00:21:02 +0000 live Gazprom profits fall for 2014 http://www.upstreamonline.com/live/1395901/gazprom-profits-fall-for-2014 Gazprom's net profit, calculated under Russian Accounting Standards (RAS), fell 70% last year to 189 billion roubles ($3.3 billion), Russia's top natural gas producer said on Monday. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1395901/gazprom-profits-fall-for-2014 Mon, 30 Mar 2015 23:25:55 +0000 live McDermott lands Jack-St Malo prize http://www.upstreamonline.com/live/1395900/mcdermott-lands-jack-st-malo-prize McDermott International has scooped what it calls a "sizeable" contract to install subsea infrastructure for an expansion of Chevron's Jack-St Malo field in the Gulf of Mexico. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1395900/mcdermott-lands-jack-st-malo-prize Mon, 30 Mar 2015 23:05:35 +0000 live Hercules hit with delisting warning http://www.upstreamonline.com/live/1395895/hercules-hit-with-delisting-warning Jack-up specialist Hercules Offshore, clobbered by a slowdown in shallow-water drilling, said it was warned by market regulators on Monday that its share price must rebound in the next 180 days or risk de-listing. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1395895/hercules-hit-with-delisting-warning Mon, 30 Mar 2015 22:37:02 +0000 live BP cans Ensco drillship contract http://www.upstreamonline.com/live/1395893/bp-cans-ensco-drillship-contract BP has cut short its contract with rig contractor Ensco for the drillship DS-4 in the Gulf of Mexico, the latest blow to the contract drilling market as an industry downturn drags on. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1395893/bp-cans-ensco-drillship-contract Mon, 30 Mar 2015 21:58:27 +0000 live Resolute sells Permian slice http://www.upstreamonline.com/live/1395883/resolute-sells-permian-slice Resolute Energy has signed a deal to sell a package of non-core assets in the Permian basin to an unnamed private buyer for $42 million. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1395883/resolute-sells-permian-slice Mon, 30 Mar 2015 16:46:00 +0000 live Hadrian South turns on taps http://www.upstreamonline.com/ONS2014/1395876/hadrian-south-turns-on-taps ExxonMobil has started production from its Hadrian South gas development through a tie-back with the Anadarko-operated Lucius spar. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/ONS2014/1395876/hadrian-south-turns-on-taps Mon, 30 Mar 2015 15:46:55 +0000 ONS2014 Iran deal deadline nears http://www.upstreamonline.com/live/1395874/iran-deal-deadline-nears A deadline is fast approaching for negotiators to hammer out a framework agreement over Iran’s nuclear programme and sanctions imposed on the major Middle Eastern oil producer. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395874/iran-deal-deadline-nears Mon, 30 Mar 2015 15:35:49 +0000 live Deadline extended on Eurasia deal http://www.upstreamonline.com/live/1395860/deadline-extended-on-eurasia-deal The deadline for completion of Schlumberger’s proposed $1.7 billion deal to acquire a dominant stake in Russian rig contractor Eurasia Drilling has been extended by a month due to regulatory talks. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1395860/deadline-extended-on-eurasia-deal Mon, 30 Mar 2015 14:01:27 +0000 live KrisEnergy in further Rossukon find http://www.upstreamonline.com/live/1395858/krisenergy-in-further-rossukon-find KrisEnergy has followed up and oil and gas discovery at a Gulf of Thailand well with a find at a sidetrack probe. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395858/krisenergy-in-further-rossukon-find Mon, 30 Mar 2015 13:49:38 +0000 live Total evacuates staff at Yemen sites http://www.upstreamonline.com/incoming/1395856/total-evacuates-staff-at-yemen-sites French supermajor Total has evacuated “all expatriate staff” from Saana and Kharir in Yemen, according to a report. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1395856/total-evacuates-staff-at-yemen-sites Mon, 30 Mar 2015 13:11:55 +0000 ece_incoming Harvest doubts on Dussafu http://www.upstreamonline.com/live/1395854/harvest-doubts-on-dussafu US independent Harvest Natural Resources has dubbed its Dussafu project off Gabon “economically marginal” due to the collapse in oil prices as the failure of an asset sale in Venezuela has left it short of cash to fund ongoing operations. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1395854/harvest-doubts-on-dussafu Mon, 30 Mar 2015 13:10:02 +0000 live BP axes Seadrill rig deal http://www.upstreamonline.com/live/1395852/bp-axes-seadrill-rig-deal BP has called an early end to a contract with a Seadrill Partners-owned semi-submersible rig. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395852/bp-axes-seadrill-rig-deal Mon, 30 Mar 2015 12:45:35 +0000 live Bond in $89m UK helicopter deal http://www.upstreamonline.com/live/1395851/bond-in-usd-89m-uk-helicopter-deal Bond Offshore Helicopters has won a new £60 million ($88.86 million) deal from industry to provide search-and-rescue (SAR) services in the central North Sea. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395851/bond-in-usd-89m-uk-helicopter-deal Mon, 30 Mar 2015 12:00:00 +0000 live Keppel delivers rig to Pemex http://www.upstreamonline.com/incoming/1395848/keppel-delivers-rig-to-pemex Singapore's Keppel Fels has delivered a newbuild jack-up rig to Mexican state oil company Pemex. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1395848/keppel-delivers-rig-to-pemex Mon, 30 Mar 2015 11:49:32 +0000 ece_incoming SembMarine in Heerema crane giant win http://www.upstreamonline.com/live/1395843/sembmarine-in-heerema-crane-giant-win SembCorp Marine has won the battle to construct a huge new semi-submersible crane vessel (SSCV) for Dutch contractor Heerema Offshore Services. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395843/sembmarine-in-heerema-crane-giant-win Mon, 30 Mar 2015 11:06:54 +0000 live Norway 'upturn in sight' for oilfield services http://www.upstreamonline.com/live/1395831/norway-upturn-in-sight-for-oilfield-services Norway’s beleaguered oilfield service sector could see a market rebound as early as 2017 after being hit by reduced orders and revenue on oil company cutbacks and low oil prices, according to research firm Rystad Energy. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1395831/norway-upturn-in-sight-for-oilfield-services Mon, 30 Mar 2015 10:27:55 +0000 live Naftogaz seeks 'gas deal extension' http://www.upstreamonline.com/live/1395824/naftogaz-seeks-gas-deal-extension Ukrainian state-run energy utility Naftogaz is reported to have requested an extension of its current gas supply agreement with Russia’s Gazprom until next year. Steve.Marshall@upstreamonline.com (Steve Marshall), (News Wires) http://www.upstreamonline.com/live/1395824/naftogaz-seeks-gas-deal-extension Mon, 30 Mar 2015 09:34:25 +0000 live Harkand in Maersk North Sea deal http://www.upstreamonline.com/incoming/1395820/harkand-in-maersk-north-sea-deal Harkand has secured a “multi-million pound contract” from Maersk Oil for dive-support services in the North Sea. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1395820/harkand-in-maersk-north-sea-deal Mon, 30 Mar 2015 09:24:40 +0000 ece_incoming Aramco inks new $10bn revolver http://www.upstreamonline.com/live/1395816/aramco-inks-new-usd-10bn-revolver Saudi Aramco has signed a new $10-billion financing deal, with loans being offered by a plethora of banks in both US dollars and local currency. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395816/aramco-inks-new-usd-10bn-revolver Mon, 30 Mar 2015 09:03:06 +0000 live Romgaz flows in Transylvania http://www.upstreamonline.com/live/1395812/romgaz-flows-in-transylvania Romania’s Romgaz has carried out successful production tests on a pair of onshore gas finds in the country’s Transylvanian basin. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1395812/romgaz-flows-in-transylvania Mon, 30 Mar 2015 08:39:05 +0000 live Breitburn in $1bn private equity boost http://www.upstreamonline.com/incoming/1395809/breitburn-in-usd-1bn-private-equity-boost Los Angeles-based Breitburn Energy Partners is easing its debt burden after getting a $1 billion injection from private equity player EIG Global Energy Partners. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1395809/breitburn-in-usd-1bn-private-equity-boost Mon, 30 Mar 2015 08:08:54 +0000 ece_incoming Wintershall chief joins OMV http://www.upstreamonline.com/live/1395808/wintershall-chief-joins-omv Rainer Seele has been appointed chief executive of Austrian independent OMV after deciding to jump ship from Germany’s Wintershall. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1395808/wintershall-chief-joins-omv Mon, 30 Mar 2015 08:07:55 +0000 live Statoil in Tanzania gas find http://www.upstreamonline.com/live/1395806/statoil-in-tanzania-gas-find Statoil has come up trumps with its latest wildcat off Tanzania after making a gas discovery. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395806/statoil-in-tanzania-gas-find Mon, 30 Mar 2015 07:26:47 +0000 live Nigeria awaits election outcome http://www.upstreamonline.com/live/1395805/nigeria-awaits-election-outcome Vote counting is under way in Nigeria following this weekend’s presidential election that spilled over into a second day due to technical problems and security concerns. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395805/nigeria-awaits-election-outcome Mon, 30 Mar 2015 07:21:31 +0000 live Northcote and Gaia team up http://www.upstreamonline.com/live/1395804/northcote-and-gaia-team-up London-listed Northcote Energy has teamed up with Mexican player Gaia Ecologica to target business opportunities in Mexico. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1395804/northcote-and-gaia-team-up Mon, 30 Mar 2015 07:04:46 +0000 live Total confirms Nigeria licence sale http://www.upstreamonline.com/live/1395803/total-confirms-nigeria-licence-sale French giant Total has confirmed it has exited Oil Mining Lease 29 in Nigeria, bringing the total value of its divestments in the African nation to $1 billion. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1395803/total-confirms-nigeria-licence-sale Mon, 30 Mar 2015 06:42:27 +0000 live Beach spuds Perlubie appraisal http://www.upstreamonline.com/live/1395801/beach-spuds-perlubie-appraisal Australian duo Beach Energy and Cooper Energy have spudded an appraisal well at the Perlubie field on the western flank of South Australia's Cooper basin. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1395801/beach-spuds-perlubie-appraisal Mon, 30 Mar 2015 05:26:30 +0000 live Prices fall further http://www.upstreamonline.com/live/1395800/prices-fall-further Brent crude oil prices fell below $56 a barrel on Monday, extending steep losses from the previous session, as Iran and six world powers tried to reach a deal that could add oil to the market if sanctions against Tehran are lifted. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1395800/prices-fall-further Mon, 30 Mar 2015 03:55:12 +0000 live Philippine farm-in terminated http://www.upstreamonline.com/live/1395799/philippine-farm-in-terminated The Philippines Department of Energy (DOE) has terminated a farm-in agreement covering Block C2 in Service Contract 14. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1395799/philippine-farm-in-terminated Mon, 30 Mar 2015 03:47:31 +0000 live Rampart secures offshore stake http://www.upstreamonline.com/live/1395798/rampart-secures-offshore-stake Rampart Energy has entered a deal which will see it take fellow Australian company Neon Energy's operated stake in WA-503-P off the coast of Western Australia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1395798/rampart-secures-offshore-stake Mon, 30 Mar 2015 03:18:56 +0000 live Loyz teams up with Sun http://www.upstreamonline.com/live/1395790/loyz-teams-up-with-sun Singapore-based Loyz Energy has signed two memorandum of understandings with India's Sun Petrochemicals which could see the pair team up on upstream projects. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1395790/loyz-teams-up-with-sun Mon, 30 Mar 2015 02:04:05 +0000 live Baird wins NSW election http://www.upstreamonline.com/live/1395781/baird-wins-nsw-election The Liberal-National Coalition has been returned to power over the weekend following elections in the Australian state. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1395781/baird-wins-nsw-election Mon, 30 Mar 2015 01:46:24 +0000 live Petroleum sector grows in WA http://www.upstreamonline.com/live/1395775/petroleum-sector-grows-in-wa Western Australia has retained its crown as the resource capital of Australia, with the state capturing over half of the resource industry's expenditure in 2014. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1395775/petroleum-sector-grows-in-wa Mon, 30 Mar 2015 01:36:08 +0000 live New Zealand launches block offer http://www.upstreamonline.com/live/1395758/new-zealand-launches-block-offer The New Zealand government has launched its annual exploration permit tender, covering blocks in both onshore and offshore areas. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1395758/new-zealand-launches-block-offer Mon, 30 Mar 2015 00:03:19 +0000 live Shell confirms Alaska rig moves http://www.upstreamonline.com/live/1395754/shell-confirms-alaska-rig-moves Shell has confirmed it has begun the process of moving rigs to Alaska ahead of a possible but still controversial drilling programme this summer. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1395754/shell-confirms-alaska-rig-moves Fri, 27 Mar 2015 22:45:31 +0000 live BP lays off 10% of Trinidad unit http://www.upstreamonline.com/live/1395751/bp-lays-off-10-percent-of-trinidad-unit Supermajor BP has laid off around 10% of the staff at its Trinidad & Tobago subsidiary BPTT after asking employees to voluntarily leave the company earlier this year. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1395751/bp-lays-off-10-percent-of-trinidad-unit Fri, 27 Mar 2015 21:47:04 +0000 live US rig count decline moderates http://www.upstreamonline.com/live/1395747/us-rig-count-decline-moderates The US oil and gas rig count continued to decline this week, but the pace of the drop-off slowed with the tally dropping only by 21 rigs after weeks of losing dozens at a time. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1395747/us-rig-count-decline-moderates Fri, 27 Mar 2015 18:06:27 +0000 live Halliburton, Baker Hughes deal progresses http://www.upstreamonline.com/live/1395743/halliburton-baker-hughes-deal-progresses Stockholders in both US services giants give approval to $34.6 billion mega-merger Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395743/halliburton-baker-hughes-deal-progresses Fri, 27 Mar 2015 16:40:19 +0000 live Pemex in Bluewater FPSO talks http://www.upstreamonline.com/live/1395742/pemex-in-bluewater-fpso-talks Dutch floater specialist Bluewater is in advanced talks with Mexican state oil company Pemex about the adapation and chartering of the Munin floating production, storage and offloading vessel, currently in Batam, Indonesia, for well tests at the Ayatsil-Tekel heavy-oil complex. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1395742/pemex-in-bluewater-fpso-talks Fri, 27 Mar 2015 16:03:16 +0000 live Iona Energy restructure gets nod http://www.upstreamonline.com/incoming/1395740/iona-energy-restructure-gets-nod Financially troubled Iona Energy has won approval from bondholders to press ahead with a restructuring package, sending the North Sea-focused independent's shares higher. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1395740/iona-energy-restructure-gets-nod Fri, 27 Mar 2015 15:57:31 +0000 ece_incoming Galvao Engenharia in bankruptcy filing http://www.upstreamonline.com/live/1395738/galvao-engenharia-in-bankruptcy-filing Brazilian engineering firm Galvao Engenharia has filed for bankruptcy protection, becoming the latest construction company to face collapse after being accused of paying bribes to secure contracts with state oil giant Petrobras. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395738/galvao-engenharia-in-bankruptcy-filing Fri, 27 Mar 2015 15:16:25 +0000 live Statoil in Gudrun 'restart' http://www.upstreamonline.com/live/1395735/statoil-in-gudrun-restart Statoil is reported to have carried out a partial restart of its Gudrun platform off Norway after a prolonged shutdown due to a gas and condensate leak. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1395735/statoil-in-gudrun-restart Fri, 27 Mar 2015 15:01:05 +0000 live UK unions back strike ballot http://www.upstreamonline.com/live/1395731/uk-unions-back-strike-ballot Members of two more UK offshore trade unions have given their backing to hold votes on what could be the first North Sea strike action in a generation amid growing anger at changes to shift patterns and pay cuts. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1395731/uk-unions-back-strike-ballot Fri, 27 Mar 2015 14:16:20 +0000 live SRC in Norway market offensive http://www.upstreamonline.com/live/1395729/src-in-norway-market-offensive Estonian maritime engineering and fabrication contractor SRC Group has launched a Scandinavian offshoot to target the Norwegian offshore and maritime market by touting lower-cost services than local rivals. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1395729/src-in-norway-market-offensive Fri, 27 Mar 2015 14:05:19 +0000 live Nigeria braced for key poll http://www.upstreamonline.com/live/1395724/nigeria-braced-for-key-poll Nigerians are preparing to head to the polls on Saturday as Africa’s largest oil producer gears up for one of its most closely-fought elections. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395724/nigeria-braced-for-key-poll Fri, 27 Mar 2015 12:33:22 +0000 live Odfjell 'to exit' Brazil venture http://www.upstreamonline.com/live/1395721/odfjell-to-exit-brazil-venture Odfjell Drilling is reportedly seeking to terminate its Brazilian joint venture with Galvao Oil & Gas after an affiliate of its local partner has become embroiled in the corruption scandal surrounding state-owned oil company Petrobras. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1395721/odfjell-to-exit-brazil-venture Fri, 27 Mar 2015 12:02:02 +0000 live Saipem extends vessel deal http://www.upstreamonline.com/live/1395708/saipem-extends-vessel-deal Solstad Offshore has secured a contract extension from Saipem for its construction vessel Normand Cutter. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1395708/saipem-extends-vessel-deal Fri, 27 Mar 2015 10:36:56 +0000 live Parkmead eyes new UK field hub http://www.upstreamonline.com/live/1395706/parkmead-eyes-new-uk-field-hub Parkmead is eyeing a potential new UK North Sea oilfield hub through the joint development of the Perth, Dolphin and Lowlander (PDL) fields after studies revealed it could trigger “significant” value creation, despite low oil prices that have hit the region. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1395706/parkmead-eyes-new-uk-field-hub Fri, 27 Mar 2015 10:15:07 +0000 live CNOOC Ltd boosts profit http://www.upstreamonline.com/live/1395705/cnooc-ltd-boosts-profit CNOOC Limited managed to raise profit last year despite a cut in revenues as production increased and costs dropped. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395705/cnooc-ltd-boosts-profit Fri, 27 Mar 2015 10:10:41 +0000 live Chevron in Caltex Australia sale http://www.upstreamonline.com/incoming/1395704/chevron-in-caltex-australia-sale US oil giant Chevron has entered into an underwriting agreement for the sale of its 50% shareholding in Caltex Australia. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1395704/chevron-in-caltex-australia-sale Fri, 27 Mar 2015 09:49:26 +0000 ece_incoming Solitaire lays Polarled pipeline http://www.upstreamonline.com/live/1395700/solitaire-lays-polarled-pipeline Statoil has begun laying a pipeline that will eventually take gas from the Aasta Hansteen field in the Norwegian Sea to shore. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395700/solitaire-lays-polarled-pipeline Fri, 27 Mar 2015 09:15:29 +0000 live PA seeks ‘re-organisation’ http://www.upstreamonline.com/incoming/1395699/pa-seeks-re-organisation Stockholm-based PA Resources has filed for corporate re-organisation due to the lack of progress in its negotiations with creditors. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1395699/pa-seeks-re-organisation Fri, 27 Mar 2015 08:56:41 +0000 ece_incoming Alpha forges ahead with its plans for Cheviot http://www.upstreamonline.com/live/1395697/alpha-forges-ahead-with-its-plans-for-cheviot UK North Sea-focused Alpha Petroleum is pressing ahead with its plans to develop the Cheviot oilfield and hopes to submit a field development plan to the authorities around September. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395697/alpha-forges-ahead-with-its-plans-for-cheviot Fri, 27 Mar 2015 08:37:27 +0000 live Statoil gets nod for Gina Krog well http://www.upstreamonline.com/live/1395695/statoil-gets-nod-for-gina-krog-well Statoil has been given the go-ahead by Norwegian authorities to drill a wildcat near the Gina Krog field off the country. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395695/statoil-gets-nod-for-gina-krog-well Fri, 27 Mar 2015 08:13:33 +0000 live Egdon flows more Wressle pay http://www.upstreamonline.com/live/1395694/egdon-flows-more-wressle-pay UK junior Egdon Resources has flowed more oil from its Wressle-1 oil and gas discovery on PEDL180 in England's East Midlands. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1395694/egdon-flows-more-wressle-pay Fri, 27 Mar 2015 07:48:15 +0000 live Oil dips as Mid East concern eases http://www.upstreamonline.com/live/1395691/oil-dips-as-mid-east-concern-eases Oil prices fell over a percentage point on Friday as traders estimated that the threat of a disruption to world crude supplies from Saudi Arabia-led air strikes in Yemen was low. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1395691/oil-dips-as-mid-east-concern-eases Fri, 27 Mar 2015 04:39:21 +0000 live Vale chief floated as Petrobras chair http://www.upstreamonline.com/live/1395690/vale-chief-floated-as-petrobras-chair The chief of top Brazil mining company Vale has been nominated to lead the Petrobras board of directors, the Brazilian state oil company said. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1395690/vale-chief-floated-as-petrobras-chair Fri, 27 Mar 2015 03:10:09 +0000 live Shell asks contractors for E6 FPSO feedback http://www.upstreamonline.com/live/1395689/shell-asks-contractors-for-e6-fpso-feedback Anglo-Dutch supermajor Shell has approached contractors seeking initial technical and commercial feedback about their ability to provide a floating production, storage and offloading vessel for its E6 oil and gas field in Block SK 308 off Sarawak, East Malaysia. stories@upstreamonline.com (Upstream Staff) http://www.upstreamonline.com/live/1395689/shell-asks-contractors-for-e6-fpso-feedback Fri, 27 Mar 2015 01:50:36 +0000 live Shell extends Helix vessel contract http://www.upstreamonline.com/live/1395680/shell-extends-helix-vessel-contract Anglo-Dutch supermajor Shell has extended for three years its deal with Helix Energy Solutions for the Q4000 well intervention semi-submersible, according to the contractor. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1395680/shell-extends-helix-vessel-contract Thu, 26 Mar 2015 22:49:04 +0000 live Brazil 'uncovers multi-billion tax fraud' http://www.upstreamonline.com/live/1395679/brazil-uncovers-multi-billion-tax-fraud Brazilian authorities on Thursday said they uncovered a tax fraud scheme at the Finance Ministry's tax appeals board that may have cost taxpayers up to 19 billion reais ($5.96 billion). Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1395679/brazil-uncovers-multi-billion-tax-fraud Thu, 26 Mar 2015 22:40:58 +0000 live New Brunswick bans fracking http://www.upstreamonline.com/live/1395676/new-brunswick-bans-fracking Lawmakers in New Brunswick voted on Thursday to prohibit fracking in the eastern Canadian province, committing to study the controversial method of extracting oil and gas for one year before reconsidering the ban in 2016. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1395676/new-brunswick-bans-fracking Thu, 26 Mar 2015 22:12:55 +0000 live Pemex in $900m private equity pipeline deal http://www.upstreamonline.com/live/1395673/pemex-in-usd-900m-private-equity-pipeline-deal Mexico's Pemex has landed a $900 million deal with investment giants BlackRock and First Reserve to buy nearly half the ownership of Mexico's Los Ramones II pipeline. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1395673/pemex-in-usd-900m-private-equity-pipeline-deal Thu, 26 Mar 2015 21:25:22 +0000 live Mexico relaxes Round 1 work programme http://www.upstreamonline.com/live/1395671/mexico-relaxes-round-1-work-programme Mexico has relaxed the timeframes and minimum work programme for the first phase of its public bid round, addressing a key industry sticking point as the pre-qualification period draws to a close. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1395671/mexico-relaxes-round-1-work-programme Thu, 26 Mar 2015 20:59:02 +0000 live Saudis ‘to boost oilfield security’ http://www.upstreamonline.com/live/1395639/saudis-to-boost-oilfield-security Saudi Arabia is to step up security around its oilfields and installations as the country leads a campaign of air strikes against rebel forces in Yemen. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395639/saudis-to-boost-oilfield-security Thu, 26 Mar 2015 16:19:54 +0000 live Analyst: 'End of high-price era' http://www.upstreamonline.com/live/1395633/analyst-end-of-high-price-era Prospects are receding for a return to $100 per-barrel oil and a structural shift in the energy market – notably reduced demand from the transport sector – means the industry must learn to live with lower oil prices, according to a leading Norwegian analyst. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1395633/analyst-end-of-high-price-era Thu, 26 Mar 2015 15:39:51 +0000 live Shetland Gas Plant worker dies http://www.upstreamonline.com/live/1395567/shetland-gas-plant-worker-dies A 61-year-old worker at the new Shetland Gas Plant (SGP) has died after being taken ill. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395567/shetland-gas-plant-worker-dies Thu, 26 Mar 2015 14:39:46 +0000 live Eni strikes out at Cyprus well http://www.upstreamonline.com/live/1395606/eni-strikes-out-at-cyprus-well Eni has suffered another disappointment off Cyprus as its second offshore well failed to yield anything substantial. (Anamaria Deduleasa) http://www.upstreamonline.com/live/1395606/eni-strikes-out-at-cyprus-well Thu, 26 Mar 2015 14:09:11 +0000 live Norog names new leader http://www.upstreamonline.com/live/1395588/norog-names-new-leader A former politician with Norway’s Labour Party has been appointed to take over the reins of the country’s oil and gas industry lobby group. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1395588/norog-names-new-leader Thu, 26 Mar 2015 13:15:55 +0000 live Trio wins $2bn Freeport LNG deal http://www.upstreamonline.com/live/1395584/trio-wins-usd-2bn-freeport-lng-deal Engineering heavyweights CB&I, Chiyoda and Zachry Industrial have been awarded a contract in excess of $2 billion for a liquefied natural gas train at Freeport LNG off Texas. (Anamaria Deduleasa) http://www.upstreamonline.com/live/1395584/trio-wins-usd-2bn-freeport-lng-deal Thu, 26 Mar 2015 13:14:43 +0000 live M&P chops capex as profit sinks http://www.upstreamonline.com/live/1395579/mandp-chops-capex-as-profit-sinks Maurel & Prom has slashed its exploration budget for this year as it saw profit sink on reduced sales and higher write-offs in 2014. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395579/mandp-chops-capex-as-profit-sinks Thu, 26 Mar 2015 12:32:51 +0000 live Anadarko quitting Mozambique block http://www.upstreamonline.com/live/1395563/anadarko-quitting-mozambique-block Anadarko Petroleum is planning to quit an onshore licence in Mozambique where it is operator following a recent wildcat duster. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395563/anadarko-quitting-mozambique-block Thu, 26 Mar 2015 11:56:40 +0000 live Costs drop 'to fuel exploration' http://www.upstreamonline.com/live/1395554/costs-drop-to-fuel-exploration Exploration activity that has slumped on low oil prices and budget cuts by oil companies is set to rebound next year as explorers take advantage of reduced rig and vessel dayrates, as well as efficiency savings, according to Wood Mackenzie. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1395554/costs-drop-to-fuel-exploration Thu, 26 Mar 2015 11:28:42 +0000 live EMGS in $4m data licensing deal http://www.upstreamonline.com/incoming/1395544/emgs-in-usd-4m-data-licensing-deal Oslo-listed survey contractor Electromagnetic Geoservices (EMGS) has entered into two new licensing agreements for the provision of 3D electromagnetic (EM) data in the Barents Sea off Norway. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1395544/emgs-in-usd-4m-data-licensing-deal Thu, 26 Mar 2015 11:14:27 +0000 ece_incoming PetroChina profit down http://www.upstreamonline.com/incoming/1395540/petrochina-profit-down PetroChina saw its net profit decrease last year as a result of falling oil prices. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1395540/petrochina-profit-down Thu, 26 Mar 2015 11:09:21 +0000 ece_incoming Falling object on NADL rig http://www.upstreamonline.com/live/1395535/falling-object-on-nadl-rig A probe has been launched by Norway’s safety agency into an incident onboard North Atlantic Drilling Ltd’s (NADL) rig West Venture in which a heavy object plunged onto a blowout preventer, narrowly missing two workers. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1395535/falling-object-on-nadl-rig Thu, 26 Mar 2015 10:36:33 +0000 live Shell axes North Sea jobs http://www.upstreamonline.com/live/1395530/shell-axes-north-sea-jobs Shell is cutting "at least" 250 jobs from its North Sea operations as the Anglo-Dutch supermajor re-adjusts to a low oil price environment. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1395530/shell-axes-north-sea-jobs Thu, 26 Mar 2015 10:31:34 +0000 live Seplat sees profits halved http://www.upstreamonline.com/incoming/1395527/seplat-sees-profits-halved Seplat Petroleum Development saw its profits more than halved in 2014 as it was hit by falling oil prices. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1395527/seplat-sees-profits-halved Thu, 26 Mar 2015 09:52:24 +0000 ece_incoming